Ecommerce market Meesho has acquired an income tax demand of about ₹1,500 crore for the evaluation 12 months (AY) 2023–24, the corporate stated in a inventory alternate submitting on March 7, including that it’ll challenge the order.
In accordance to the submitting, the Evaluation Unit of the Income Tax Division issued an evaluation order below Part 143(3) of the Income-tax Act, 1961, together with a demand discover below Part 156. The order raises a complete tax demand of ₹1,499.73 crore, together with relevant curiosity.
The corporate stated it’s at present evaluating the evaluation order and doesn’t agree with the observations and changes made by the tax authorities.
“The corporate doesn’t concur with the observations and changes made within the evaluation order and believes that it has ample authorized and factual grounds to contest the identical,” Meesho stated within the submitting, including that it’s taking essential steps to defend its pursuits.
The corporate additionally identified {that a} related tax demand had been issued for the earlier evaluation 12 months (2022–23). That improvement had been disclosed earlier in its prospectus filed in December 2025.
In that case, the Excessive Court docket of Karnataka had granted an interim keep on the demand discover by an order dated April 17, 2025. The matter stays pending earlier than the court docket.
Meesho stated the newest evaluation order and demand discover should not anticipated to have any main hostile affect on the corporate’s monetary place, operations or different enterprise actions.
Based in 2015, Meesho operates an ecommerce platform centered on value-conscious shoppers and small sellers, significantly throughout tier-II and smaller markets. The corporate has been increasing its market and logistics community because it competes with bigger ecommerce gamers in India’s fast-growing on-line retail phase.
The tax discover comes shortly after the corporate reported a pointy improve in losses within the December quarter.
Meesho’s internet loss widened almost 12-fold year-on-year to ₹491 crore in Q3, in contrast with ₹37.4 crore in the identical interval final 12 months, whilst income rose 32 per cent to ₹3,517.6 crore.
Printed on March 7, 2026
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